Carnival Corporation (CCL) Shares Bought by HL Financial Services LLC
HL Financial Services LLC increased its position in Carnival Corporation (NYSE:CCL) by 1.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 17,666 shares of the company’s stock after buying an additional 238 shares during the period. HL Financial Services LLC’s holdings in Carnival Corporation were worth $1,158,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. bought a new position in Carnival Corporation during the first quarter worth about $106,000. Point72 Asia Hong Kong Ltd bought a new position in Carnival Corporation during the first quarter worth about $138,000. Harbour Capital Advisors LLC bought a new position in Carnival Corporation during the first quarter worth about $147,000. Parallel Advisors LLC boosted its position in Carnival Corporation by 87.9% in the first quarter. Parallel Advisors LLC now owns 2,674 shares of the company’s stock worth $167,000 after buying an additional 1,251 shares during the period. Finally, Bessemer Group Inc. boosted its position in Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after buying an additional 1,368 shares during the period. 78.82% of the stock is currently owned by institutional investors.
Carnival Corporation (NYSE:CCL) opened at 67.38 on Friday. The company has a market cap of $48.78 billion, a PE ratio of 17.82 and a beta of 0.75. The firm’s 50 day moving average is $66.57 and its 200 day moving average is $61.19. Carnival Corporation has a 52-week low of $44.11 and a 52-week high of $68.87.
Carnival Corporation (NYSE:CCL) last issued its earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.89 billion. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Analysts forecast that Carnival Corporation will post $3.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.37%. Carnival Corporation’s dividend payout ratio is presently 42.55%.
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A number of research firms have recently issued reports on CCL. Zacks Investment Research raised shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Wednesday, July 12th. Deutsche Bank AG reissued a “hold” rating and set a $62.00 price objective (up previously from $58.00) on shares of Carnival Corporation in a research report on Sunday, June 25th. Wedbush reissued a “neutral” rating and set a $66.00 price objective (up previously from $61.00) on shares of Carnival Corporation in a research report on Sunday, June 25th. Stifel Nicolaus reissued a “buy” rating and set a $74.00 price objective (up previously from $68.00) on shares of Carnival Corporation in a research report on Friday, June 23rd. Finally, ValuEngine raised shares of Carnival Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Carnival Corporation currently has an average rating of “Buy” and an average price target of $62.06.
In other news, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $67.02, for a total value of $1,005,300.00. Following the transaction, the insider now owns 150,860 shares in the company, valued at $10,110,637.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 23.80% of the company’s stock.
Carnival Corporation Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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